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the fiscal cliff fell through. what does it mean for all of our money. >> steve: darn it. a major snow storm strikes in the midwest and move negligent great lakes states and northeast. travelers are being delayed and christmas delivers as well. they stopped the amazon man. >> call them caudy and old fashioned but they are not pretty. we are showing you the ugliest sweaters of the year . "fox and friends" starts right now. ♪ >> this is jack napolitano, wishing you merry christmas and a happy new year from "fox and friends" . >> steve: that's right. today is the first day of winter. will we make it through if the mayans are right? nope? >> you foal like you have had winter two monthses and you are like winter is only starting . the shortest day of the year. >> steve: plus the great big blizzard. it hit my dad's house out in kansas it is nice to have snow around kiss mas time especially when it is time to put on your ugly day sweater. >> brian: $172 for this. >> steve: it is a one of a kind. >> brian: would you make another if. >> it lights up. >> steve: it has a battery. >> brian: if you are
on the fiscal cliff. hear the new proposal from congressman paul ryan and senator mark rubio. >> steve: will he work with the liberal media. president obama extends extra special invites for sit down with liberal gabbers. >> brian: he is one of america's favorite coach. his career almost ended early and fans had no idea. the coach revealed something for the very first time. by the way. "fox and friends" starts now. ♪ ♪ "fox and friends". >> steve: you must be conflicted today. >> brian: in what way? >> steve: we have coach k on and any time we have peitro, the super model who has been a friend of your manies, many years. >> brian: i am looking forward to nick rangon. >> gretchen: you will have to duke me out for it then. >> brian: you start with him in 10 minutes. >> gretchen: you want to trade coach for nick it will coach you. >> brian: and edrolins to be named later. >> gretchen: and i always like rolins. >> brian: pet up with us. she was a young super model. >> gretchen: does she know she was off your list. >> brian: not a world. can we agree as well that is our secret. >> steve: she doe
be no deal at all. i feel like i am playing let's make a deal. remember that show? >> steve: meanwhile fascianista and mentor about to get a major promotion from the president? is she qualified to be a u.s. ambassador and run an embassy? we ask you ladies and gentlemenn of the jury. >> brian: she would be best dressed. fired for being a man. bell ringer was silenced because the girls bring in more christmas cash. is that true? "fox and friends" starts right now. ♪ >> steve: welcome aboard, folks. live from studio e. brian has a lot of friend exercise family members that watch the program. call him throughout the program today, because unbeknowns to you. prian cell phone has fallen through a hole of the jacket pocket and stuck in the lining. >> brian: it dropped through the lining and a secret passage. >> gretchen: give me that coat. >> brian: this is how i function. >> gretchen: somebody get scissors . i can feel the calls coming through. >> brian: there we go. hole in the pocket but i didn't know this big. no, you just. ♪ there is a hole in the pocket. >> brian: i am going to lose
friends try to get them involved in a great picture. >> this is from steve smith. brooklyn and alexis, they are practicing the ho, ho, hos. tweet us the card and photos and e-mail them to us as well. a lot of the time people can photoshop and take a bunch of them and easy to put the card and you can do that. >>> and thanks again, guys. "fox and friends" starts now. >> gretchen: good morning everybody. today is thursday. i am gretchen carlson and thanks for sharing your time today. brand new information on the newtown killer's final days what was he plan where was his mom in the final days? >> steve: meanwhile the fiscal cliff is bigger, not only with your taxes go up. you might not get a tax refund check even if you are owed money. >> brian: lawmakers will not let that fiscal cliff get in the way of movie night. did the break, did they watch here comes on -- we are live in dc, "fox and friends" starts now. ♪ "fox and friends". >> gretchen: they had movie night? >> steve: yeah. on lincoln. >> brian: most overerated movie of the year. >> steve: not since mr. smith went to washington h
it is a moustachah. what was it a tree falling again. >> brian: you want to hear it again. >> steve: yeah. >> gretchen: it sounds like a horror movie like something up in the attic. >> steve: it is breaking. cliffhanger. i don't know. if the economy falls in the forest and no one is here to hear it is there a sound. yesterday the republicans blame the democrats and the democrats blame the republicans. john had a exclusive with chris wallace. >> brian: chris wallace sat down with jone boehner. >> steve: here is mr. boehner describing the impression at the moment of what tim geithner was trying to sell him. >> i was ghasted and i looked at him and said you can't be serious. i never seen like it we have 7 weeks before election day andepped of the year. three of those weeks are wasted with this nonsense. >> y are talking about roughly. timothy depite gite saying we'll raise taxes 1.6 trillion and washington will increase taxes on capitol gains and we would like to say we like the power to raise the debt ceiling any time we want for the executive branch which is unconstitutional. >> steve: it
: good morning, everybody. today is december lenth, 2012. >> steve: 2012. >> gretchen: i am gretchen carlson. sorry kids. you don't have to go to school today. michigan teachers fighting against the bill that gives workers the right to not pay dues. >> steve: washington can't find a solution to the fiscal cliff . but someone who fixed budgets in the past know it is simple. >> if i raise taxes again i will have to do it in two or four years . people are going to leave. >> steve: find out how america's mayor did it straight ahead. straight ahead. feel a cold coming on? gretchen, you will be better in no time. we'll drink to that. >> you will be better in no time and all of my teases will rhyme today. "fox and friends" starts right now. ♪ ♪ "fox and friends". >> steve: ho, ho, hompt look who is here today eric boling. >> gretchen: you get your own personal lurch. >> eric: good to be here. >> steve: you will find out how booze, beer and wine can make you healthier. the news we have all waited for. >> gretchen: yeah, a lot of people waking up with a headache. now it makes sense why i
now. ♪ ♪ "fox and friends". >> steve: welcome to studio e and ho, ho, ho. the elves has been here and it looks like christmas. >> gretchen: i can't believe you went shop wrapping all of the gifts. you have so many skills i was not aware of >> chris: they are all empty and we saved the dough. >> brian: what these things. they are fine. >> gretchen: they're acrylic balls. >> steve: they are set pieces and like aquarium. >> gretchen: someone came in here and probably was sent a picture and decided how to customize. >> steve: we should see where marth stewart was late yesterday. it looks like someone did flocking had here. >> brian: i wouldn't be surprised if we didn't find out who was responsible. >> gretchen: maybe they will be secret for secret santa. we have to get to headlines that are not the best of the news. a navy seal killed in afghanistan, died in a risky mission to rescue a doctor and two colleagues abouted by the taliban. he was member of the seal team 6. there are many questions about what dr. joseph was doing in a dangerous place. his employer said they are committed to
. could it work. >> steve: no police in sight. a mob of protestors tore down a tent with children and elderly people and people with wheelchairs inside. >> two men came in with ski masks and had box cutters. >> steve: that is what happened in michigan a couple of days ago. >> brian: we'll not see commercialism like this anymore? ♪ >> brian: yeah, outlawed because they are just too loud. >> steve: really? >> brian: "fox and friends" starts -- ♪ >> this is the stage manager, ho, ho, ho. happy holidays. you are watching. "fox and friends". >> steve: very nice. >> brian: and joe did not know the news that we found out early this morning. that bralanedwars acquired by the new york jets had a ham string. >> steve: joel is america's biggest jet's fan. >> gretchen: that is insider information. >> brian: he had a bounce in the step. >> gretchen: luckily i know who that is. should we kick off the show with headlines. we now know the identity of the shooter in the mall . he had no history of trouble but his ex-girlfriend said he quit his job in the derks li and sold all of his belongings
is it really progress or a stand still. >> steve: meanwhile the reverend behind this nativity scene. live pictures and he has a message from the federal government. merry christmas, government. you are not the real savior. the reverend joins us live this christmas season. >> brian: super storm sandy couldn't wipe out his home but something else did. >> she said to me. are you sure your house is gone. you misplace a pen and pencil but not a house. >> gretchen: how the entire house vanished. "fox and friends" starts right now. ♪ ♪ "fox and friends". >> steve: a house is something that is not easy to misplace. if you leave it there, you come back and it is there. >> gretchen: you hope that happens. we'll fill you in on the details. in the meantime what happen in a phone call. a lot can happen, right. you can get in fights and agreements and compromise. hum, i am not so sure that happened in the phone call between speaker of the house john boehner and president of the united states, barack obama. did they come to a conclusion. it is now the president's turn. >> brian: it is a week since t
died. we will have a live witness. >> steve: and a new tone set by democrats and it looks like this. a folks news contributor gets beaten up by a pro union protestors. steven crowder is live here to explain what happened in michigan. kaboom. >> brian: first we called him an owner and then a governor and then mr. president . soon someone might be able to call him grandpa. "fox and friends" will have that story. it starts now. ♪ "fox and friends". >> gretchen: good morning, everybody. we'll start with a folks news alert. breaking newings. witnesses say he stormed in a portland, oregon mall shouting i am the shooter. terrified shoppers tried to run for safety. the man wearing body armor and came flauge killed two people and seriously injured a third before taking his own life. many escaped and others hunkered down. the mall remains closed today and police have yet to release the name of the shooter although they know who he s. >> steve: shawn [-fls] shopping in the mall when they heard the gunshots and they join us live from portland. thank you for joining us. >> thank you for having
with the latest for you. >> steve: we are also getting to know the victims of the horrible tragedy like the hero teacher who stopped at nothing to save her children's lives. >> brian: we are getting a first look at the marine locked nup mexico. he's chained to the bed all for having a legal gun. mexican authorities say it is good treatment. we disagree. fox and friends starts right now. ♪ fox and friends. >> gretchen: good morning and thanks for sharing your time with us today on tuesday . this is the second day of goodbyes in newtown, connecticut as two more young victims of the horrible massacre are laid to rest. we'll go out to peter doocy, he will talk about james, who is called jay. he was a numbers guy and the other is jessica reko who loved everything about horses and playing with her brothers. other newtown schools will head back to school. and we'll hear more on what led to the shooting. hi, peter. >> gretchen, last night i was walking around and the streets are packed with people milling about in complete silence. the only noise you hear are cars and trucks passing by . yesterday, s
. welcome to forbes on fox and we'll go with steve forbes and rick unger and elizabeth mcdonald and victoria and steve and rich. >> what do you think? >> jobs are going to be destroid even if they don't go overseas. health care costs are going up. obama care is increasing alert . insurers have to take all comers and that will put a strain on it and mandates, consumers may not want them and politicians say you must have them and insurance costs are going up and we the people will be losers. >>> and the hobby lobby face a fine 1. 5 million if they don't do what the government said they have to do via the health care law. >> i was corrected. 1.3 million a day. that is the daily fine they have to pay. >> let's make an important distunction we are not buve for dinner bets. mipemine is open for the anybody who doesn't think they will get exempted. i think it is. they have been giving health care to the employees over in the charity for years. theiro ligation is not health care, but it is a religious problem and it is going to be dealt w. i hope that the corporations in the country will take a less
in in with steve forbes and rich and elizabeth mcdonald and john tandy. is this proof that bailouts don't work? >> what it is proof, you shouldn't have the government in the business in the first place. that is how they got bloated. government guarantee and that is why they can pay these outrageous salaries. if private companies, they would be allowed to go out of business. no bailouts, let the markets work. let these guys, either liquidate them or privatize them. dave: top 90 employees at fannie and freddie, that is lot of money? >> i'm not going to support that kind of salary to anybody working in the government but i'm not sure it's indicative of a problem of the problem of bailouts. i have real issues with the direction that fannie and freddie have taken. you have half. mortgage debt under the control of these two organizations. had we let them go down the drain, anybody that owns a home would not have been happy with the financial result of letting these things go down. bailout may have been ugly but unfortunately it was absolutely necessary. >> the bailout is still ongoing. these organiz
's great to have steve and brian here with me. it's a terrible morning but we do have more information to impart to you and some people want to know how this could happen in newtown connecticut and how 20 little innocent kids could be murdered. we have more information about the shooter and family mystery. >> we do. before we get started let's look at the coverage of the tabloids here in new york city. america weeps. there is the president of the united states. he shed a couple of tears in the briefing room yesterday. slaughter of the innocence. and a picture you saw a lot of yesterday from the beup in newtown yesterday where a police officer leads those children single file out of sandy hook school. >> so many horrific elements to this story but i think the worst for me is the fact that there are 20 kids dead between the ages of 5 and 10 years old and as we learn more about the shooter, it seems as though there were clues he was capable of doing this. >> there will be an update at 8:00 this morning with the authorities. >> all right. peter doocy meanwhile is live in sandy hook for us
than 13% for the week. it broke above its moving average. steve cullen, is he being punished for his success. illegal insider trading ran rampant inside his giant hedge fund. charlie gasparino has the latest. charlie: let me get you and amazing statistic. they returned 25.5% after expenses since 1996. warren buffett, berkshire hathaway, 8.64%. steve cohen does it with a lot of volatility. that is why i am telling you the feds are after him. here is what i know about this investigation. what sources are telling us. they believe you cannot get that type of consistent success, the notion that every year, basically, posting game, posting gains within not massive volatility. 50%. cheryl: you are very clever and breaking the law. charlie: they do not believe you can do that without insider trading. this is a mindset that pervades each one of these of the sec enforcement chief to the fbi people working on the cases to the justice department. they match up returns of these various guys. they say look at roche, look at how he did this and look at steve cohen. they believe it is just mathemati
for the slide today perhaps a note from ubs analyst steve malonovich cutting the estimates and the price target. let's go to bert that coombs at the breaking news desk. >> thank you, scott. we have an update now on that shooting at the sandy hook elementary school in newtown, connecticut. nbc news is reporting as many as 27 people may be dead from that shooting which broke out this morning shortly after 9:30. that's when police were called. as many as 17 to 18 of the victims are children. 7 to 8 adults including the gunman who authorities described to nbc news as a 20-year-old connecticut man who was dressed in black and was carrying two handguns. connecticut state police are set to begin a briefing at this hour. danbury officials and hospital officials tell nbc news that at least three people have been transported to the hospital. again, to as many as 27 people killed. we will bring you more details as they become available. back to you. >> thank you very much, bertha. we'll keep checking back with you and monitoring the situation. obviously an incredibly tragic situation still unfolding in ne
. kimberly fox, i am peer july wealth management. scott martin, united advisors and steve hayes from the "weekly standard." you guys are still at work. everybody in washington gave up and went home. we're all here. i don't know, kimberly, what do you make of what happened today? >> you know, i don't know. they can't play fair and they can't play nicely in the sand backs, make them go home and rethink it and come back and be willing to work. life is about a plan b. if plan b doesn't work you better have a plan-c or plan d. melissa: scott, i'm surprised the markets didn't fall more. are they still holding out hope that these chuckle heads as called earlier today by something else will get something done? now it seems we're should be preparing the swan dive to go over the news call cliff? >> chuckle heads is putting it nicely, melissa. it was a thin trade. there wasn't a lot of people participating in the market move. it is not surprising when everybody sold yet. that probably comes next week. here is the interesting thing. i'm kind of surprise that we're surprised nothing got done. yea
. what do you make of it. >> martoma just made the biggest trade of his life. he chose steve cohen. here is the deal that they have. steve cohen is paying the legal fees. that could be millions. he gets a copy of the government playbook. they will work and share information together. rather than flipping on steve cohen, he has decided to work with him and he is betting that the high-priced lawyers will beat the feds, as they usually do. adam: is this kind of like a conflict of interest. >> they say we have the same interests and beating the government and saying this was not insider-trading. the government also flipped this doctor who told martoma about the trials. charlie: this is all about martoma's trading. and passing that information to steve cohen. we know that he received that information. we do not know how martoma characterized the information. we do know that steve cohen received it and traded up on it as well. >> $270 million based on that information. it was not taped. it is what they are going to say occurred during that phone call. you will hear a different spin on that pho
of investing. carlisle's david rubenstein, steve shoresman blackstone, venture capital's marc andreesson, and jamie dimon. look at that -- >> in addition we have jerry webb. make us all -- the rest of us feel -- >> we have one -- >> you're an economist or something? you play on to have -- you can think about the 12-12-12 thing in the meantime because you're good at math. >> yeah. all that stuff. >> all right. >>> as we move closer to the edge of the fiscal cliff, every move is being magnified by the markets. president obama and house speaker john boehner spoke by phone on tuesday, exchanging new proposals. the president gave boehner a revised offer on monday, reducing his demand for new tax revenue from $1.6 trillion to $1.4 trillion over ten years. boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before t
into the new year. today's "closing bell" exchange, gary webbush here with us and steve sax from pro shares advisors and steven gil garcetg and our own jeff cox. no encouraging words out of washington, here we go again, from either the fed or congress. >> right, and frankly that's very expected. there's going to be a -- some grandstanding about your political philosophies right up until the end, but the way i view this is we will not and cannot go over the fiscal cliff. >> you think the can will be kicked down the road. >> well, i think washington learned its lessons from the credit crisis. they are not going to have this go over the cliff, and i think it's going to be a recipe of a small part of cutting spending. a small part of raising taxes and a healthy doze of kicking the gan down the road. >> you would be so sure that these guys cannot do it when in fact here we are 18 days away. steve sax from your standpoint in, terms of etfs and in terms of indexing out there, how do you want to invest given all of these uncertainties as we approach year end? >> i'm in the camp i certainly hope we
. with me now, the wall street journal's steve more. spell it out. what -- and i know you monitor these sales numbers by the minute. what ffect so far? >> the fallen angels in connecticut will move the area, the country, the world to more compassion, caring, working, harder to help each other. it will be like a september september 11th effect, eggs and much more profound. so people we will shift from conspicuous consumption to giving more to churches and synagogues and spiritual institutions and give more to communities instead of shoppers shopping f their own homes, there will be giving the money to habitat for humanity. instead of shopping for themselves, they will be giving the institutions that help e communities tat are so broke and underfunded. neil: have you seen evidence of that, reported chips? >> right afte hurricane sandy when we were all thanksgiving day and night working our way through wal-mart's across the country. people were buying one big gift, but for somebody else. not really shoppinfo themselves. in their religious institutions over the weekend. peopleere givi
in stocks. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> the opening bell on a tuesday morning. have a look at the s&p at the top of your screen. over at the nasdaq, northwest biotherapeutics on immunotherapy products. lots to watch today. i think we're getting comments slowly out of speaker boehner, which we'll get to in a moment. >> look, a little bit. still some activity before the official end of all activity whatsoever as we head into the christmas holiday. so arbitron up sharply. some people thought they were one company, but they are not. neilsen is a company that has large private equity owners at this time as well making that about $1.2 billion transaction. >> neilsen sha
on the deal, we're joined by virgin atlantic ceo steve ridgeway. steve, welcome to the program, thank you for coming on. >> hello, good afternoon. melissa: how will customers and shareholders know the difference or notice the difference now that we are seeing this portion of the company over to delta, what will feel different? >> i think we are a very strong airline. we started the heritage. delta likewise. delta has a huge presence in the u.s. but putting operations and schedules together, we have to get a deal approved which is obviously delta buying singapore's stake. and then we would create a joint venture across the north atlantic with antitrust abuse. we can coordinate our schedules and make sure we can bring together a bigger network for our customers and potential customers to fly on. it is very positive news with two good airlines coming together. really offering more choices to consumers. melissa: what do you make in choice? how dull the pain 360 million. quite a difference, what do you make of that? >> i think yes, it certainly is. it is the reality of the world we live in. th
. and our steve leesman is one of the lucky few who gets a question and he joins us now from washington. this is really something that not a lot of people expected, steve. >> i think that's right, tyler. and it is absolutely historic. fed for the first time putting economic targets around its funds rate projections and first of all, the other news was that it did end -- it said it would end to replace that so that brings the monthly purchases of long-term assets to $85 billion. i want to show you some math. the current level of the math call it 2.8 trillion. add a trillion to that, you will be at 3.8 trillion if we do go at this pace for a full year here. the precrisis level is $800 billion. i want it put it another way, tyler. increase the balance sheet from '09 to '12 by a trillion dollars. we will do that in one year. aggressive policy from the fed. unaggressive as tyler mentioned the idea of using economic targets for funds rate. we know they were talking about it. we know there was support. we didn't think the federal reserve had unanimity enough to do this. only jeff lacker from r
: and we're also going to be talking with the ceo and president of choice hotels, this is steve joyce. steve is going to be talking about their expansion right here in the u.s. including a three-star, upscale hotel. they had been focusing on the lower scale hotels. will that hurt their brand, or might it increase it? we'll be asking him. liz: first, what drove the markets in today's data download. stocks closing higher after struggling for direction early on with the dow crossing the flat line 25 times. all three major indices did post gains. technology had to be, right? was one of the best performers along with consumer discretionary. today's top performing sectors, health care and utilities, well, they did lag. the number of americans filing new applications for unemployment benefits falling for a third straight week as we remind you, thises the number you want to see fall. hurricane sandy's impact continues to slowly but surely subside. we had weekly jobless claims dropping by 25,000 last week to a seasonally-adjusted 370,000. the week's prior total was revised upward to 395,000 fr
conversation with our steve liesman. in corporate news, the apple coming off its worst day ofs losses this almost four years. u.s. equity futures, though, not too bad so far today. indicated up about 15 points. today is thursday, december 6th, penultimate day before the day of infamy. "squawk box" begins right now. >> welcome to "squawk box." i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome. thanks for getting up early. >> i'm always up at this time. >> we'll be going through secretary geithner's comments, but first let's get you up to speed on other stories. joe was talking about apple. it has been a rough ten weeks for the most valuable u.s. company. shares tumbling more than 6% yesterday shedding $35 billion of market value. among the reasons cited by analysts, a forecast by an influential research firm suggesting that the iphone and ipad maker is continuing to give up ground it rival the android gadgets. there were also unconfirmed reports that at least one major stock clearing house was raising margin
." >> thank you. >> sean: steve, let's start with an update yesterday. the left has been attacking you all day. your injuries, okay? >> sure. >> yeah. i'm fine, i am tough enough to take the best shot that the gelatinous union can throw at me. i'm fine. thank you for asking. >> sean: okay. union guys, collapsing the tent. they are denying that, saying it's not true. you are there -- >> yeah -- [laughter] -- i was there. yeah. there is so much -- here's the thing. people can say i edited the video, took it out of context. okay, what about the hours and hours with hundreds of cameras online. you can find more footage than you could watch in a lifetime. this occurred with hundreds of people, tearing down the tent with women in there, yelling, tear down one more tent, tear down one more tent, cussing them out, making death threats. please, google it! i encourage you to. >> sean: all right. you are saying, steve is asking a simple question. you see the reaction, you saw the punches. you saw the tent come down, women in there. my question to you, you claim he's inciting this violence. >> listen, 50
a flat tax. remember that? one of the business leaders in attendance was mr. steve forbes, ceo and chairman of forbes media joins us straight ahead to discuss his plan. liz: prolonged drought? still going on in certain places. look at the screen. pictures that may force the mississippi river to shut down, commerce, billions worth of cargo at risk, not shipping right now, grains you eat to oil and coal you use. we'll take you there live. ♪ ♪ [ male announcer ] this is amy. amy lik invest in the market. s also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobileradi. so she's always ready to ke action, matter how wily.. oweird... or wonderfully the market's behaving... which isn't roct sciee. it's just common sense. from td ameritrade. you know how painful heartburn can b for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms protective barrierhat helps block stomach acid from splashing u relieving the pain quickly. try fast, long lasting gaviscon®. mayb
nailing steve cohen? charlie: i do not think people are focused on the fiscal cliff. they will not be focused until you see the market sell off. the market believes there will be a deal. until the market trade-off -- adam: we have a guest who will be talking about that a little later on as we get closer to the end of the year. the investigation is still underway. charlie: when you see the market trade-off you watch people freak out. interesting thing about steve cohen, there is no more remarkable trader out there than this guy. say what you want to about him. if you look at his returns, i think he started in 92, one down here. he is up this year, so far, 10%. that is why the feds are after him. i have been speaking to a lot of people with the fpi. long-term returns, consistent and less volatility. what they do, generally, they look at returns, pretty much steady returns, not a lot of volatility. you look at steve collins return, one down year. you look at warren buffett. he destroys profits over that period of time. buffett has more volatility and returns. steve cohe
is it that steve cohen is pain the legal fees of a four-month trader. investigators are trying to get the slip against his old boss. here is charlie with the very latest. there is two schools hit. number one as companies often paid legal expenses. we should point out that the former hedge fund trader that is at the center of the latest allegation of insider-trading left about two years ago. he is two years out of it. steve cohen is likely to have some sort of cooperation agreement. they share documents. they share strategy. if and when he ever cooperates, and we do know that we want him to cooperate, he still says no. if he ever does cut that deal, he is facing 20 years in jail. if he wants to avoid 20 years, he will know exactly what to say to prepare his defense. the government would only give it to him if he could basically tell him about what steve cohen new about the insider trades that he was accused of. in the indictment, it says that bythat -- he traded those stocks based on insider information. he was not supposed to do that. then he told steve cohen something that caused steve cohen
. >> steve galio was there. >> yeah. it was a pretty interesting day. but i think his comments moved some people, too. >> did we broadcast ray dalion? >> i don't know if we broadcast him live. we should grab some clips and play them on squawk. >> dino, did you have something? >> i think you're on track in terms of the economy. the economy is weak. >> should i be wishing things just bottomed on their own so that we could start policing -- >> i mean, you know, what will be great would be a surge in productivity. you know, a surge of demands externally. >> i can't get here any earlier. we're here at 3:30 in the morning. >> you know, can this economy be more productive? >> go to bed at 8:00. >> can that happen? can we get a surge of external demand? and those things are unlikely or can't be predicted. >> andrew got in earlier today than ever. >> i did. i was coming from the concert last night. no, i wasn't. let's check out the situation in crude today. 86. we're used to that now, too. it's like, okay, 86 is fine. the ten-year, and this, when we used to go and see greenspan down in washington,
steve israel, congressman from new york. plus, we'll also be talking more about what's at stake in washington and how the fiscal cliff is likely to effect investment decisions. we have value investor leon cooperman, he's going to join us on set starting at 7:00 eastern time. then at 8:00 eastern, we have black op co-founder and ceo ralph schlosstein. and lynn hutchins will join us. we'll talk about what they see playing out and what they think is working when it comes to the markets now. >> the bill that the president says is in the house that he will sign if -- that's in the senate -- >> the senate. >> the senate that he will sign if the house passes it is what? >> that is $. >> -- that is 250? >> 250? >> he said 400. he said, i have the pen, let's keep tax rates where they are for everyone at 250 and below. so this one, that's c these guys are pretty clever because that would keep rates where they are for everyone at a million and below. no middle-class taxpayers up to a million dollars -- >> that's no matter what, isn't it, in either bill? >>yon r -- i think it would be the s
allows there. and for that, he was facing 15 years behind bars. steve harrigan live in our south florida newsroom with more now. steve, what do we know about hammar's impending release? >> harris, that release could happen any minute. we have been following the twitter account of his lawyer and talking to his parents. his mother, his father, his attorney and his congresswomen all say that john hammar will be released sometime today. right now he is still in that prison. they say they are filling out the paperwork to get him out. there might be one catch. that antique rifle, that 60-year-old gun that belonged to his great grandfather, john hammar says he wants that back before he leaves. harris? >> harris: we understand he, again, was there to be on a hunting trip. so that was a family hair loom that he had planned to lose in that manner. what kind of share is he in because we have heard all sorts of things about his captivity. >> harris, this drama really started back in august, so he has been in a very tough mexican prison where a lot of drug cartel members are held and he has been stuc
and roll call. let's get a sense where you think this is going, steve. you don't like where it's going? >> no. you know, look, we need a deal. we're sitting on a price missing here with the whole world watching, the markets are expecting a deal, the credit rating agencies expecting a deal, and if we don't have a balanced deal including spending cuts and a revenue race, even if it's a small deal with a process for the future, you're going to see markets reac, not only in this country, but around the world, and you're going to see the credit rating agencies act, d if that happens, our interest rates are going to go up. the cost of our debt's going to go up, and it's going to exas effort -- exacerbate the problem spinning out of control. it's in a point in time, and we're playing politics, when, in fact, the entire world, the business community, everybody aroundwashington is saying, look, guys, make some progress here. neil: what worries me now is when the next shoe drops. democrats, largely 80 congressman d today, following the congressional black caucus and ohers like schumer said there
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republican controlled house ever to raise taxes? business mogul steve forbes will join me in a fox business exclusive to break it all down. >>> the dire warning for you and all of your savings today. hackers are planning to clean out your bank account. the former deputy director of the national security agency is here with all the details so you can hang on to your cash. even when they say it's not, it is always about money. melissa: all right. first let's take a look at the day's market headlines. another day of gains on wall street. stocks soared for the second day in a row. the dow closed up 115 points and all that illusion that washington is getting its act together but progress on the fiscal cliff isn't driving everything higher. gold hit its lowest level in since late august that is confidence there. investors flee from the precious metal as a safe haven appeal fades. gold is hovering $1670 an ounce. >>> shares of blackberry maker research in motion slipping after being hit with a downgrade by toronto based national bank. rim shares closing down almost 1 1/2% today. >>> all right, you
to bring this legislation to the floor next week. >> arthel: let's bring in steve centanni with more. >> as you can see, the two sides are taking strong stands on principle, but aren't really getting any closer to a compromise as we speed toward that fiscal cliff. the president hit the road appearing at a pennsylvania toy factory yesterday and appealing for a balanced approach, including spending cuts and new revenues. the president says we could cut taxes for the middle class right now if congress agreed to extend the bush era tax cuts for everybody except those earning more than 250,000 a year. he stressed the urgency of the situation. >> if congress does nothing, every family will see their income taxes automatically go up at the beginning of next year. a family of four will see their income tax rise by $2,200. we can't let that happen. our families can't afford it and neither can our economy. >> republicans, including house speaker john boehner, is staking out a very different position. they're demanding spending cuts to go along with extra revenue and they're opposed to raising
he can get it. >> steve harrigan has more from cairo on the clashes. >> real escalation by the opposition protestors. in cairo square they are on the move moving toward egypt's presidential palace. they cut through bashed wire. in the end the protestors had tear gas at the wall of the complex. h mohammed morsi was in the compound. he left not to flee but at the end of a normal workday. he does not reside in that palace. the demonstration shows the agenda is a referendum december 15th. they will be voting on a controversial constitution that has divided the country from secular and islamic parties. the muslim brotherhood will be pushing hard to vote for the president. not clear if the opposition will vote no or abstain from the process entirely. >> steve harrigan in a volatile situation in egypt for us. thank you. >>> weather update from maria molina. will we be seeing falling companies? >> we kickoff the workweek monday and tuesday with record high temperatures. take a look at some of these temperatures. it is december and a lcross portions of the mid atlanticdeg degrees
going over the fisical cliff? there is still no deal. steve joins us from washington with the latest on thes. >> hi, uma, the fiscal cliff may be looming. but both sides are pulting the dial on hold. no deal for the tooks . at times it appeared congress was made but not the case this weekend. house speaker john boehner said he is hopeful, but none theless of as the presidentov dubbinging the fiscal issue in the stapped off. boehner delivered the gop. >> the president has offedy will not do anything to solvelet speppeding problem and begins to the crippling debt. he wants more spending and tax hikes and that will hurt our economy . he refuses to challenge the members of his family to deal with entitlementriform and the big issues that are facing our nation. president obama said a deal could be reached but that appears unlikely. he took off for hawaii and landed with his family for a shorter than usual christmas break. he said he is it a hopeless optmist. he is scaling back and pushing for a tax cut for the middle class and calling for compromise. it can only pass from democrats and re
. we'll hear from both of them. >> a mom and a woman in an accident. >>> and ashton kutcher has steve jobs. we have the first official picture from the set of the much anticipated movie. take a look at it right there. they look-alike, don't they? when you put those pictures side by side it's pretty amazing. we'll have the full story coming up. welcome back to "early start." i'm zoraida sambolin. >> and i'm christine romans in for john berman. there are new faces of the republican party, florida senator marco rubio and congressman paul ryan of wisconsin appearing together last night at the jack kemp foundation awards dinner in washington, trying to rebrand themselves and their party after a bruising setback in november. cnn political editor paul steinhauser live from washington this morning. paul ryan got hammered during the election. is he dialing back the rhetoric now? >> this was ryan's first speech since the election. both he and rubio seemed to be talking about how the republican party needs to be a party that's more inclusive, helping those in the lower associatio economic levels
is just amazing. steve liesman's exclusive with lacquer. one more look at futures this morning. we'll cover what 10% on squawk earlier today. and a lot more when "squawk on the street" comes right back. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. it's another reason more investors are saying... who helped make slea difference last yearose for thousands of california foster kids. thank you for helping foster kids. thank you for the school supplies. thank you for the new shoes. thank you, secret santa. and thank you for donating money. your generosity proves that while not everyone can be a foster parent, anyone can help a foster child. - thank you. - thank you. gracia
said than done because a lot of kids sit there for hours and it's their baby-sitter, but no. >> steve, i understand that's not your position, but i'm hearing this a lot of from people in hollywood. no response. quentin tarantino was unbelievable incense it actisen. what a total jackass. left wingers say i want to -- there's a slippery slope on first amendment rights. >> it's always a mistake to do exactly what you want to do when in this kind of situation. you have to recognize the political realities and do something. >> right. all right, coming up i meant to end on a thought. >> please end on the thought. "time" magazine managing editor rick stengle will reveal the person of the the year. also chuck todd anded financial times. also meredith vieira and jenna bush hagger on first families remembering thiz christmases in the white house. also, we talk about the other big story of the morning that we still haven't gotten time to get to. benghazi. >> oh, my gosh. >> boy. >> a devastating report. aa devastating report. >> it raising a lot of questions that i wonder p if anyone has the gu
're going to hear tomorrow, in the next hour, when steve liesman will join us with results of our fed survey. >>> an oh beck minister, important events. opec ministers are in vienna. >> why vienna, by the way? >> i don't know why they originally set it there, but it seems like as good a place as any. have you been? >> i have not been. >> i don't think i've ever been to vienna. i always wondered about that. >> i mean, it's better than meeting in, i don't know, skokie, right? they're expected to retain its 28 million barrel a day output target. but the real drama is likely to be about leadership, the world's leading oil exporters are expected to argue about who should be opec's next secretary general and we have candidates from iran, iraq and saudi ara a arabia. they're all competing to replace the current leader, as you can see there. abdallah salem el badri, he's 72 years old and he's been there for years. i don't know where i've been for five years, but did you know -- >> i apologize in advance. i didn't. >> you could have said you did and we've been best friends, in fact. >> he's complete
:00 eastern, aman whose name is synonymous with the flat tax. steve forbes will be our taxmaker of the hour. it's a new day. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects include skin redness or irritation where a
. joining us is steve clemmons. he writes at the washington note and atlantic magazine. steve is also a former policy adviser for new mexico senator jeff bingaman. thank you for being here. >> great to be with you rachel. >> am i being naive to think this was going to pass? >> a lot of people thought it was going to pass. of all the treaties, this would be the easiest to pass. there were other treaties pending. this is about people in need and it didn't. this is a branch of the gop that did you want represent all republicans, but it's the obnoxious nationalist wing that really resents any international deal making. there's a lot of worry not just about people with with disabilities, but all the other trea treaties that position the united states and show that it can be the primary sculptor of global affairs, and we're defecting from that as of today's vote. >> so 126 countries ratifying this, but us, not ratifying it. particularly when it's modelled on our law. that takes us out of a global leadership role? >> it leaves a void that the united states is walking away from the responsibi
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